Latest Offshore Peru News

Condor Energy’s maiden independent resource estimate confirms a multibillion barrel prospective oil resource offshore Peru, supported by enhanced seismic data and ongoing gas commercialisation studies.

Condor Energy has launched a comprehensive market and commercialisation study for its 1 trillion cubic feet Piedra Redonda gas discovery offshore Peru, aiming to chart a clear path toward development and partnerships.

Condor Energy has significantly enhanced its exploration prospects offshore Peru through advanced reprocessing of legacy 2D seismic data and a comprehensive geochemical review, boosting confidence in large prospective oil resources.

Winchester Energy has signed a non-binding term sheet with Jaguar Exploration to jointly pursue offshore exploration rights in Peru, while maintaining steady production and implementing cost reductions in its Texas operations.

Condor Energy reports a significant upgrade to its Piedra Redonda gas field resource estimate, highlighting a best estimate contingent resource of 1 trillion cubic feet (Tcf) of gas offshore Peru, supported by advanced seismic reprocessing and new technical insights.

Condor Energy Ltd has raised A$3 million through a well-supported placement to advance its exploration and commercialisation efforts in the Tumbes Basin offshore Peru, focusing on the promising Piedra Redonda gas discovery.

Condor Energy announces a substantial 147% increase in contingent gas resources at its Piedra Redonda offshore field in Peru, now estimated at 1 trillion cubic feet (2C). This upgrade positions Piedra Redonda as one of South America's largest undeveloped gas discoveries, expanding commercial and exploration prospects.